Centrica (LON:CNA) Stock Rating Reaffirmed by Citigroup

Centrica (LON:CNAGet Rating)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 97 ($1.19) price objective on the integrated energy company’s stock. Citigroup’s price target points to a potential upside of 12.74% from the company’s current price.

CNA has been the subject of several other research reports. Barclays decreased their price target on shares of Centrica from GBX 123 ($1.51) to GBX 121 ($1.48) and set an “overweight” rating for the company in a research note on Friday, May 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Centrica in a report on Wednesday, May 11th. Royal Bank of Canada boosted their price objective on shares of Centrica from GBX 90 ($1.10) to GBX 125 ($1.53) and gave the company an “outperform” rating in a report on Monday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a report on Tuesday, June 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 97 ($1.19).

Centrica Trading Up 0.6 %

Shares of Centrica stock opened at GBX 86.04 ($1.05) on Wednesday. The firm has a market cap of £5.08 billion and a price-to-earnings ratio of 860.40. Centrica has a twelve month low of GBX 0.76 ($0.01) and a twelve month high of GBX 93.88 ($1.15). The company has a quick ratio of 0.40, a current ratio of 1.03 and a debt-to-equity ratio of 176.45. The business has a 50-day moving average price of GBX 82.86 and a 200-day moving average price of GBX 79.75.

Insider Buying and Selling

In other news, insider Heidi Mottram acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was acquired at an average price of GBX 84 ($1.03) per share, with a total value of £8,400 ($10,292.86). In other Centrica news, insider Heidi Mottram acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was bought at an average cost of GBX 84 ($1.03) per share, for a total transaction of £8,400 ($10,292.86). Also, insider Amber Rudd bought 2,208 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of GBX 87 ($1.07) per share, with a total value of £1,920.96 ($2,353.83). Over the last 90 days, insiders have purchased 16,779 shares of company stock valued at $1,413,432.

Centrica Company Profile

(Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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